Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$55,158$55,158$675,000
Remaining term (yrs)4.74.730.0
Secondary amount$0$619,842$0
Funding fee$0$0$0
Note rate7.200%7.200%7.400%
Blended rate8.050%7.775%7.640%
1st payment$1,128.87$1,128.87$4,673.56
2nd payment$0.00$4,003.15$0.00
Taxes / mo$229.33$229.33$229.33
Insurance / mo$216.67$216.67$216.67
MI / mo$117.80$117.80$135.00
HOA / mo$33.42$33.42$33.42
Total monthly$1,726.09$5,729.24$5,287.98
Cash to close$694,842$75,000$75,000